Ivestment Opportunity – Prime North Hollywood Rented Fourplex with Redevelopment Potential.
Welcome to 5738-5740 N Klump Ave, 5735-5737 N Fair Ave. ( 4 addresses ) A rare investment gem located in the heart of North Hollywood’s vibrant arts and entertainment district. This four-unit income property sits on a spacious lot and offers tremendous value-add potential for investors and developers alike.
Currently fully rented with month to month tenants. This property provides an opportunity to a buyer looking to redevelop, revamp and modernize. With its solid bones and classic structure, it’s the perfect project to renovated into a more modern fourplex that may captures today’s rental demand. The neighborhood has many modern 4PLEX projects.
Situated in one of the most desirable pockets of NoHo, the property is just minutes from:
• NoHo Arts District – home to theaters, studios, and a thriving creative scene.
• Metro Red Line and the NoHo West Development – providing direct access to Hollywood, DTLA, and major employment hubs.
• Trendy restaurants, cafes, and nightlife along Lankershim Blvd and Magnolia Blvd.
• Close to Universal Studios, Warner Bros., and Valley Village, making it a high-demand rental area for entertainment professionals.
With its central location, zoning, and upside potential, This 4plex presents a prime redevelopment opportunity for an investor ready to capitalize on one of the most dynamic areas in Los Angeles.
Whether you choose to renovate, rebuild, or hold for future appreciation, this property offers endless possibilities in a neighborhood where modern multifamily living is in high demand. This Opportunity will not last so SCHUDULE A VISIT ASAP.
Listed by Waseem Rabih
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License #01740892
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Keller Williams Realty
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408-691-9139
Last updated November 16, 2025
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Source: CRMLS #OC25239966
Listing Facts
TypeMulti-family
NeighborhoodNoho Arts District
Days on Prevu4
Amenities
Parking
Location
Mortgage Calculator
Listing History
11/15/2025
Price Increased
$1,050,000
11/15/2025
Listed by Keller Williams Realty
$105,000
Property Details for 5738 Klump
Association
Amenities
Community Features: Sidewalks
Exterior
Construction
Number Of Units Total: 4
Property Attached: Yes
Stories: 2
Stories Total: 2
Year Built: 1961
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: Klump Ave and Fair Ave
Measurements
Building Area Total: 2,380
Building Area Units: Square Feet
Lot Features: 2-5 Units/Acre
Lot Size Acres: 0.16
Lot Size Area: 7,251
Lot Size Source: Public Records
Lot Size Square Feet: 7,251
Lot Size Units: Square Feet
Financial
Residential Income
Gross Income: $4,700.00
Operating Expense: $1.00
Taxes
Parcel Number: 2337032005
Other
Location
Tax Lot: 17
Parking
Parking
Carport Spaces: 4
Carport: Yes
Garage Spaces: 2
Garage: Yes
Parking Features: Carport
Parking Total: 6
Utilities
Equipment
Laundry Features: Inside
Sewer: Public Sewer
Water Source: Public
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.